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Smart or Wealthy? Why EQ is more important than IQ

Doctors and engineers are notoriously the worst at investing. They’re generally “too smart” for their own good. More to the point, they make the mistake of assuming high intelligence translates


When Patience Turns to Profits

It’s hard to know what to think these days. Some say you should sell everything and hide in the cellar. The market may hit new high after new high, but


The Top 7 Cases Against Gold

Gold Optimists Could be Jumping the Gun Lately, analysts are growing increasingly giddy about gold’s rise in value to near $1,300/oz. Hey, we said it was going to $1,400 after


The Plusses and Minuses of Bitcoin and Blockchain

In October 2015 we held our Irrational Economic Summit in Vancouver. The weather was awesome, and the conference went well. Part of the final session was a Q&A with Harry


What You Need to Know About Fake News, Free Lunches, and Wall Street Earnings

These days we hear a lot about “fake news.” Wall Street is not immune to this “phenomenon.” Indeed, it’s been around for quite some time now, only we realists referred


Stop Reading the News!

Conventional wisdom says that information is good. The more the better. But I don’t agree. I used to work for a hedge fund manager. He was obsessed with reading news


A Straightforward Approach to Investing

Pardon my language, but moving sucks. We recently relocated from Florida back to Texas. My native Texan wife is ecstatic. And I’ve got to admit, the weather has been awesome


When Ugly Stocks Make For Great Investments

Unless you’ve been living under a rock, you know that retail stocks have been getting pounded in 2017. Just in the last couple of days, the stocks of Michael Kors and

Foreign Markets

A Healthy Economic Fear of China

There’s an old adage in finance concerning borrowing and lending: If you owe the bank $1 million, you have a problem. If you owe the bank $100 million, the bank


The Fed Is Full of It. The Yield Curve Is Not

Sometimes we get so caught up in what’s happened over the last few days, weeks, or months, we fail to see the bigger picture. Perspective is key. Lose it, and